Tolins Tyres IPO (Tolins Tyres Limited IPO)
Tolins Tyres IPO open for bidding on 9th September 2024 and ends on 11th September 2024.
Tolins Tyres Limited, founded in 2003, is a leading player in the tyre industry, operating across India and exporting to 40 foreign countries. With a comprehensive product range, including bias tyres, precured tread rubber, and ancillary products like bonding gum and vulcanizing solutions, Tolins caters to diverse markets such as light commercial, agricultural, and two/three-wheeler vehicles.
Under the “Tolins Tyres” brand, the company serves OEMs, domestic dealers, and international clients in regions like the Middle East, ASEAN, and Africa. Tolins is recognized for its superior quality and long-term customer relationships. The company’s strategic export market includes countries like Kenya, Jordan, and Egypt, strengthening its global footprint.
Tolins has also expanded its manufacturing capabilities, with a facility capable of producing up to 5,000 tyres per day.
For more details refer to Tolins Tyres IPO RHP and Tolins Tyres IPO Pulse Score
Tolins Tyres IPO Details
| IPO Date | 9th September 2024 to 11th September 2024 |
| Listing Date | 16th September 2024 |
| Face Value | ₹5 per share |
| Price Band | ₹215 to ₹226 per share |
| Lot Size | 66 Shares |
| Total Issue Size | 1,05,41,469 shares (aggregating up to ₹230.00 Cr) |
| Fresh Issue | [●] shares (aggregating up to ₹200.00Cr) |
| Offer for Sale | [●] shares of ₹5 (aggregating up to ₹30.00 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 30,53,097(29%) |
| QIB | 21,39,534(20.3%) |
| NII | 16,04,652(15.2%) |
| bNII | 10,69,768(10.1%) |
| sNII | 5,34,884(5.1%) |
| Retail | 37,44,186(35.5%) |
| Total | 1,05,41,469(100%) |
Note: The financial data for March 2022 and March 2023 are presented on a standalone basis, while the data for March 2024 is provided on a consolidated basis.
Tolins Tyres IPO Timeline
| IPO Open | 9th September 2024 |
| IPO Close | 11th September 2024 |
| Basis Of Allotment | 12th September 2024 |
| Initiation of Refunds | 13th September 2024 |
| Credit of Shares to Demat | 13th September 2024 |
| Listing Date | 16th September 2024 |
Fundamentals
Data as of 31st March 2024
| Market Cap | ₹892.9 Cr | P/E Ratio- Pre IPO | 26.64 |
| RoNW | 25.87% | P/E Ratio- Post IPO | 34.33 |
| RoCE | 36.08% | P/B Ratio | 6.14 |
| Debt to Equity | 0.78 | PAT Margin% | 11.45% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on Post-issue shareholding and annualized FY Earnings of March 2024.
Tolins Tyres IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Repayment and/or prepayment, in full, of certain outstanding loans (including foreclosure charges, if any) availed by the Company;
- Augmentation of long-term working capital requirements of the Company;
- Investment in the wholly owned subsidiary, Tolin Rubbers Private Limited to repay and/or prepay, in full, certain of its short term and long-term borrowings and augmentation of its working capital requirements; and
- General corporate purposes.
Leave a Reply